Purchase Order Finance
for urgent health/medical supply Purchase Orders
There is a critical need in South Africa for medical supplies (PPE, masks, sanitizers, etc.) to deal with the Covid-19 crisis. To do our part in assisting SMEs and PPE buyers (Government and Corporate), we’re prioritizing our Purchase Order Finance & Bridging Finance for urgent health & medical supplies. Purchase Orders must range from R2,5 Million to R25 Million.
How it works …
Eligible businesses include:
urgent/ immediate/ opportunistic trade for critical products under Covid-19 context
pivoted products becoming essential under Coivd-19 context
those providing pre-existing products currently deemed essential under Covid-19 context
Eligible Purchase Orders:
Purchase Orders minimum R2,5M up to R25M
requires a solid purchase order directly from an end-client/end-buyer (Government or Corporate) – the PO cannot be from another intermediary
financing specially to acquire product/supplies/equipment from local or international suppliers
our approach is to base the credit approval on the validity of your confirmed purchase order – and not your financial standing or your collateral
examples of medical supplies for these POs: certified masks [N95, KN95, FFP2, surgical masks]; personal protective equipment [PPE]; medical & hospital equipment; sanitizers,; wipes, hand soaps; ventilators; test kits; jump suits
Tips – on being cautious …
- guard against buying fake stock
- guard against dodgy/fraudster suppliers
- don’t be blinded by your anxiety to do the deal, and don’t drop your guard
- be aware of your inexperience and lack of knowledge in this new opportunity – be diligent and open to advice
- Spartan has implemented a stringent vetting process to avoid such scams and fraud